The naming may be unique, but the idea and use of the account is not unorthodox.
Some businesses track “Cash Over/Short” as a miscellaneous expense and that is a good place to put rounding and some other errors. Regards, Adrien > On Nov 27, 2019 w48d331, at 3:52 PM, Max Hyre <gnucash-u...@hyre.net> wrote: > > Dear Mr. Filho: > > (I expect this will cause all accountants to run, screaming, but it works > for me.) > > I, too, keep track of errors, but they're usually mine. For this I have an > account _Equity:MUD_, which stands for Make Up Difference. :-) It's > unorthodox, but this is for my personal finances, for which ``there are no > standards''. > > I like the Gnucash register to reflect the balance shown in my physical > register, even when I make a mistake. For this purpose I enter a transaction > `` *** error subtracting # 5794 ***'' immediately after check 5794, so > from there GC has the same balance as my fallible entries, making it easier > for me to follow what's happening. At the point where I notice the error, I > enter a counterbalancing transaction `` *** fix error subtracting # 5794 > ***'' in both GC and my personal register, thus making both reflect the > bank's idea of my balance. > > For your first case, I'd enter a transaction ``rounding error'' against > MUD. Over the long haul, they should tend to balance out to roughly zero. > If they don't, and they always seem to be to your disadvantage, you may have > caught someone executing a salami slicing [1] attack against you. > > For the second, it sounds as if you don't care about the errors, but just > want the books to balance. If that's correct, you can credit or debit > _Equity:MUD_ and be done with it. In fact, you might prefer having two > accounts: _Equity:MUD:Rounding_ and _Equity:MUD:Other's errors_. > > I hope this helps, or at least gives you some amusement. > > > Best wishes, > > Max Hyre _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
